Chapter
Proposed change to bank oversight threshold
16:11 - 21:50 (05:38)
The proposed change to increase the threshold after which a bank undergoes extra intense oversight from $50 billion to $250 billion is questioned by experts as they recount the negative consequences of sudden growth rate changes, while former Chairman Frank cited the previous $50 billion threshold as being arbitrary and a mistake.
Clips
Former Chairman of the Financial Services Committee, Barney Frank, endorsed an increase in the bank regulation threshold from $50 billion to $250 billion, stating that the current threshold is arbitrary and a mistake.
16:11 - 18:12 (02:00)
Summary
Former Chairman of the Financial Services Committee, Barney Frank, endorsed an increase in the bank regulation threshold from $50 billion to $250 billion, stating that the current threshold is arbitrary and a mistake.
ChapterProposed change to bank oversight threshold
EpisodeBarney Frank on His Role in the Banking Crisis
PodcastThe Daily
Banks that are just under $50 billion in size can get bigger with less regulatory oversight, leading to consequences such as a run on banks and a triggered banking crisis.
18:12 - 20:29 (02:17)
Summary
Banks that are just under $50 billion in size can get bigger with less regulatory oversight, leading to consequences such as a run on banks and a triggered banking crisis.
ChapterProposed change to bank oversight threshold
EpisodeBarney Frank on His Role in the Banking Crisis
PodcastThe Daily
A former Washington Mutual executive reflects on the bank's collapse in September 2008, including the loss of $12 to $14 billion in deposits and the unexpected seizure by regulators.
20:29 - 21:50 (01:20)
Summary
A former Washington Mutual executive reflects on the bank's collapse in September 2008, including the loss of $12 to $14 billion in deposits and the unexpected seizure by regulators.